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The supervisory control and data acquisition in process industries market size is forecast to increase by USD 3.83 billion at a CAGR of 9.45% between 2024 and 2028. The Supervisory Control and Data Acquisition (SCADA) market in process industries is witnessing significant growth due to the increasing need to reduce energy losses in metal, mining, and mineral industries. This trend is driving the adoption of advanced SCADA systems that enable real-time monitoring and optimization of energy consumption. Additionally, the growing demand for cloud-based SCADA systems is another key trend, as they offer cost savings, flexibility, and scalability. However, the market is also facing challenges from cyber attacks, which can cause significant disruptions and damage to industrial operations. As such, there is a growing focus on implementing the cybersecurity measures to protect SCADA systems and ensure business continuity.
Overall, the market is expected to grow steadily in the coming years, driven by these trends and the need for greater operational efficiency and productivity in process industries.
In the process industries market, Supervisory Control and Data Acquisition (SCADA) systems have become essential for real-time detection and monitoring of industrial processes. These systems enable automation of various processes, from energy distribution and water management to waste control and transportation. The integration of smart grid technology and wireless communication technologies, such as 5G, has enabled the development of connected devices and the collection of vast amounts of data. Big data analytics and cloud computing play a significant role in processing and presenting this data in real-time, allowing strategic decisions to be made effectively. SCADA systems have expanded beyond traditional applications to include smart buildings and energy management.
The market for SCADA in process industries is expected to grow significantly due to the increasing demand for automation and real-time data acquisition and presentation. Networked data communication and telecommunications have also become crucial components of SCADA systems, enabling seamless data transfer between various devices and systems. The integration of SCADA with mobility solutions has further increased the flexibility and accessibility of these systems. Overall, SCADA systems are transforming the process industries by providing real-time monitoring, control, and data acquisition capabilities.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The Chemical industry segment is estimated to witness significant growth during the forecast period. In process industries such as oil and gas, food and beverages, and water treatment, Supervisory Control and Data Acquisition (SCADA) systems play a crucial role in ensuring real-time detection and monitoring of industrial processes. These technologically advanced infrastructure solutions enable the collection and analysis of vast amounts of data from operating equipment and connected devices through wireless communication technologies and big data analytics. The implementation of SCADA systems facilitates automation, energy distribution, and smart grid technology, leading to significant business operational efficiencies. SCADA systems are particularly beneficial in industries that require stringent safety standards, such as chemical manufacturing. By providing real-time data collection, advanced analytics, and control capabilities, these systems help maintain optimum quality and safety limits.
Furthermore, the integration of cloud computing and mobility enables strategic decision-making and remote monitoring, reducing the need for on-site installation and maintenance. The adoption of SCADA systems is not limited to traditional industries. Smart buildings, transportation, and water and waste control are also embracing these solutions to optimize their operations. With the emergence of 5G technology and wireless sensor networks, the potential applications of SCADA systems continue to expand, offering significant opportunities for growth in the market. Overall, the benefits of SCADA systems, including improved operational efficiencies, cost savings, and enhanced safety, are driving their adoption across various industries.
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The Chemical industry segment accounted for USD 1.4 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In the process industries market, Supervisory Control and Data Acquisition (SCADA) systems play a pivotal role in data presentation, communication, and integration. These systems enable real-time data acquisition from various process variables and present it in a user-friendly format for effective decision-making. The SCADA market caters to diverse industries such as oil and gas, energy and utility, telecom, smart cities, and others. Services associated with SCADA include consulting, integration and implementation, repair and maintenance. Consulting services help organizations optimize their SCADA systems for enhanced performance and efficiency. Integration and implementation services ensure seamless integration of SCADA systems with other enterprise applications and communication devices.
Repair and maintenance services ensure system uptime and reliability. Investment in SCADA systems is driven by the need for efficient data management and automation in process industries. The market is expected to grow significantly due to increasing adoption in smart cities and telecom sectors, where real-time data acquisition and analysis are crucial. The integration of advanced technologies such as IoT, AI, and ML with SCADA systems further enhances their capabilities, making them indispensable for process industries.
Our supervisory control and data acquisition in process industries market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
To minimize energy losses in the metal, mining, and mineral industries, it is essential to implement energy-efficient practices and technologies. This includes optimizing processes, utilizing renewable energy sources, and maintaining equipment in good working order to ensure maximum efficiency and minimize energy waste. In process industries such as mining, metals, and minerals (MMM), the implementation of Supervisory Control and Data Acquisition (SCADA) systems has become essential for real-time detection and monitoring of industrial processes. With the increasing adoption of smart grid technology and energy distribution, there is a growing need for automation and wireless communication technologies to connect devices and enable advanced analytics. These components play a crucial role in business operational efficiencies, particularly in areas like energy management, which accounts for over 5% of the total cost of mining products and 15% of the cost of manufacturing steel. By optimizing energy consumption and reducing energy losses, companies can significantly lower their operational costs and gain a competitive edge.
The integration of Big Data, Cloud, mobility, and 5G technology in SCADA systems facilitates real-time data collection, analysis, and networked data communication. This technologically advanced infrastructure is crucial for industries like Oil and Gas, Food and Beverages, and Manufacturing, where monitoring and control of operating equipment is essential for ensuring optimal performance. Additionally, SCADA systems play a significant role in industries like Water, Waste control, Energy, Transportation, and Realtime data acquisition, offering strategic decisions, monitoring, and control capabilities to enhance industrial automation.
The interest in cloud-based SCADA (Supervisory Control and Data Acquisition) systems is increasing due to their ability to provide remote access, scalability, and cost-effective solutions for managing industrial processes. In process industries, the implementation of Supervisory Control and Data Acquisition (SCADA) systems has become essential for enhancing operational efficiencies and reducing costs. SCADA systems enable real-time detection and monitoring of industrial processes, allowing for efficient energy distribution and automation. The integration of smart grid technology and wireless communication technologies, such as 5G, with SCADA systems facilitates the connection of various connected devices and advanced analytics. Cloud computing and big data analytics are key components of modern SCADA systems, providing businesses with valuable insights for strategic decision-making. These systems enable the collection and analysis of vast amounts of data from operating equipment in real-time, leading to improved business operational efficiencies.
The technologically advanced infrastructure of SCADA systems facilitates installation and maintenance, ensuring the smooth functioning of manufacturing processes in industries such as Oil and Gas, Food and Beverages, and Water and Waste control. Moreover, the adoption of SCADA systems in transportation and energy sectors has led to the development of smart buildings and smart grids, providing real-time data and networked data communication. The implementation of these systems in industries results in effective monitoring, control, and optimization of processes, leading to significant cost savings and increased productivity. Overall, the integration of SCADA systems with IoT, cloud computing, and advanced analytics is transforming the way industries operate, providing them with the tools to make informed strategic decisions and maintain a competitive edge.
Cyber attacks pose a significant risk to security, potentially leading to data breaches, financial losses, and reputational damage. It is essential for organizations to implement the cybersecurity measures to mitigate these threats and protect sensitive information. In process industries, Supervisory Control and Data Acquisition (SCADA) systems have evolved to incorporate advanced technologies such as real-time detection, smart grid technology, automation, wireless communication technologies, and connected devices, leading to significant business operational efficiencies. These technologically advanced infrastructures enable the collection and analysis of Big Data from operating equipment and manufacturing processes in industries such as Oil and Gas, Food and Beverages, and Water and Waste control. Cloud computing and mobility have further enhanced the capabilities of SCADA systems, allowing for real-time data access and advanced analytics. However, with this integration comes increased security risks, particularly in the areas of server-side security, communication security, system stability, file security, and integration security.
Hackers can exploit insecure remote connections and easily accessible technical information on the Internet to issue unauthorized commands, potentially causing significant disruptions and damage. Key industries such as Energy, Transportation, and Industrial automation must address these security challenges to safeguard their operations and maintain system reliability.
The supervisory control and data acquisition in process industries market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd.: The company provides the Essential HSI Suite, a scalable PC-based Supervisory Control and Data Acquisition (SCADA) system.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
In the process industries market, Supervisory Control and Data Acquisition (SCADA) systems play a crucial role in real-time detection and automation of industrial processes. These systems enable the collection, analysis, and control of data from operating equipment in various sectors such as energy distribution, oil and gas, manufacturing, water, and waste control. SCADA systems utilize advanced technologies like smart grid technology, wireless communication technologies, and 5G, enabling connected devices to transmit real-time data to the cloud for big data analytics. The integration of SCADA systems with telecommunications and mobility enhances business operational efficiencies by providing remote access to data and enabling real-time monitoring and control.
Technologically advanced infrastructure, including hardware and software, facilitates the implementation of SCADA systems in industries like food and beverages, transportation, and industrial automation. SCADA systems enable real-time data collection and analysis, leading to improved energy management, predictive maintenance, and optimized production processes. The adoption of cloud computing and advanced analytics further enhances the capabilities of SCADA systems, providing actionable insights for strategic decisions in various industries.
Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.45% |
Market growth 2024-2028 |
USD 3.83 Billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.42 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 42% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., ALSTOM SA, ANSYS Inc., Cogent Communications Holdings Inc., eLynx Technologies LLC, Emerson Electric Co., General Electric Co., GlobaLogix, HACI OMER SABANCI HOLDING A.S., Honeywell International Inc., Indi.An GmbH, Inductive Automation LLC, JFE Holdings Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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